I did my research 2 years ago and bought in on my research at the time.
Things have gone well for me. I am sorry for those with high ave's , who you seem to be able to forget at the drop of a hat. I made some money at £1.36. I have massively topped up at 35p and 25p and I am happy to do so for the following reasons :-
Desrisked from a one opp company. Data from failed drill ( debatable term ) Still has cash and with any farm in the cash position will improve.
Locations of licences spread across Namibia offshore - reduces Nam risk.
As pointed out and understood by many on here, it would be very unusual if the whole of the West coast of Africa had oil / gas and one country had none. The % chances of that are low - IMHO.
Any one of 6-12 drills can hit in Morocco, Mauritania & Namibia. I will take one hit in 12 over the next 24 months and I will be making money.
IMHO in 24 months CHAR will be either bought out at much higher value or be a beast with a different asset holding to now ie selling off at profit to cash in and move on ....
Low shares in issue will make this move quickly on good news and it also proved it can go down quickly too. Yes I currently have taken a hit but I also took cash at profit when I needed too which has funded my buy in and now low ave. I am very happy to have been fortunate to do this.
Why am I here? Hmmm .... I ask why are you ??? You pop up buy then sell agreeing and disagreeing.
I am not one for getting involved at this low level, but do not trust you and your posts. I don't care who you are because I have done my research and it is the company I am invested in.
I don't need your opinion as I think it is basically flawed.
Your rep is in tatters on here so why not stop posting
I cant understand how much energy and time you have to post on a share you dont believe in? If its attention you are after you have had it now fork orf and and be sad elsewhere. We are all bored of you.
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